$440,000
Phoenix, AZ 85007
MLS# 6456095
Status: Closed
1 / 37
Property Description
Great investment opportunity, TWO single family dwellings on one lot, each are 3BR/1BA units. Both units were remodeled between 2018-2019, both are on a month to month lease bellow market rent. Within couple of miles from this home you will find Innovation District in the heart of Downtown Phoenix with higher education schools, Government mall, art corridor, museums, stadiums, entertainment, dining, hotels, convention center, and major employment companies and less than 5 miles from Phoenix International Airport; it is located less than 2 miles from the 1-10 and I-17 connecting with all other mayor freeways affording an easy employment, school, or entertainment commute throughout the Grater Phoenix Metro area.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $440,000
Sold Price: $440,000
Status: Closed
List Date: 2022-08-25
Location, Tax & Legal
Assessor's Map #: 2
Legal Description (Abbrev): LOT 15 BROWN LOTS MCR 002520
Assessor's Parcel #: 43
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114800
Taxes: 584
Legal: LOT 15 BROWN LOTS MCR 002520
Marketing Name: UNKN
Map Code/Grid: Q34
House Number: 1229
Compass: S
Street Name: 12TH
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85007
Zip4: 3926
County Code: Maricopa
Subdivision: BROWN LOTS
Assessor Number: 105-02-043
Tax Year: 2021
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 0
Lot Size Dimensions: 50'X 120.'
Flood Zone: No
Total # of Units: 2
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Elementary School: Mary Mcleod Bethune School
Jr. High School: Mary Mcleod Bethune School
Year Built: 2003
Zoning: R-3
Legal Info
Range: 3E
Section: 18
Township: 1N
Lot Number: 15
Project Type
Duplex: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Ceramic Tile: 1
Carpet: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 584
Other Income: 0
Vacancy Allowance: 5
Adjusted Gross Inc: 0
Pmt & Rate Info
Equity: 490000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Cooling
Central Air: 1
Interior Features
Unfurnished: 1
Tenant Pays
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Landscaping: 1
Appliances Included
Built-In Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
>1 Space Per Unit: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
None: 1
New Financing
VA: 1
Conventional: 1
FHA: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 800
Avg SqFt: 917
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 5000
Seller Concession $/%: $
Remarks Misc
Cross Street: 2TH AVE RENTALS LLC
Directions: From 11th Ave, west on Yuma, North on 12th Ave, the property is on the east side of the street.
Geo Lat: 33.435639
Geo Lon: -112.087621
Status Change Info
Off Market Date: 2022-11-02
Under Contract Date: 2022-09-20
Close of Escrow Date: 2022-11-02
Sold Price: $440,000
Property Features
Project Type: Duplex
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Ceramic Tile; Carpet
Sale Includes: Land & Building
Community Features: No Pool
Interior Features: Unfurnished
Appliances Included: Built-In Range
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: On Street; >1 Space Per Unit
Road Surface Type: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Trash Collection; Landscaping
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: VA; FHA; Conventional
Environmental: None
Listing Office: Crane Real Estate
Last Updated: December - 30 - 2025
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